IMF Mission Arrives in Ghana for Fifth Review of $3bn Programme

September 30,2025 

Finance Minister Dr. Cassiel Ato Forson has officially welcomed an International Monetary Fund mission team to Ghana to commence the fifth review of the country's $3 billion IMF-supported programme.

The IMF team, led by Dr. Ruben Atoyan, arrived in Accra today for discussions that are expected to run over the next two weeks. The review is crucial as Ghana looks to unlock the next tranche of about $360 million in October and maintain reform momentum ahead of the programme's conclusion in May 2026.

At the opening session in Accra, Dr. Forson highlighted Ghana's economic journey in 2025, noting that despite beginning the year with significant fiscal and structural challenges, decisive policy measures and collective action have helped stabilise the economy and deliver measurable progress. He described the fifth review as a critical opportunity to assess Ghana's performance under the programme, refine its policy direction, and incorporate the IMF's recommendations to sustain growth momentum.

Dr. Atoyan said the IMF team looks forward to constructive discussions in the coming days as they review Ghana's progress on key targets, including fiscal discipline, revenue mobilisation, inflation control and financial sector resilience.

The meeting was attended by Bank of Ghana Governor Dr. Johnson Asiama, First Deputy Governor Dr. Zakari Mumuni, Deputy Finance Minister Thomas Nyarko Ampem, Chief Director of the Finance Ministry Patrick Nomo, and other senior officials from both the Ministry and the central bank.

The successful completion of this review is critical for Ghana's economic stability and will determine whether the country receives the next disbursement of funds. The IMF programme, which is set to conclude in May 2026, has been instrumental in helping Ghana address its fiscal challenges and restore macroeconomic stability following a severe debt crisis.

The two-week review process will involve detailed assessments of Ghana's compliance with programme targets and consultations with various stakeholders before the IMF mission presents its findings.